Latest news with #KSE30
Arab News
12-05-2025
- Business
- Arab News
Pakistan's stock exchange halts trading for an hour, exchange notification shows
Pakistan's stock exchange halted trading on Monday for an hour, according to an exchange notification, after the benchmark KSE-100 share index rose 8.84 percent in early trade. A 5 percent increase in the KSE-30 index from the previous trading day's close led to a market halt as per stock market regulations. All equity and equity based markets have been suspended, as per the notification. Markets will reopen at 10:42 a.m. local time (0542 GMT). Saturday's ceasefire in the Himalayan region, announced by US President Donald Trump, followed four days of intense firing and diplomacy and pressure from Washington. Indian shares also rallied on Monday.
New Indian Express
11-05-2025
- Business
- New Indian Express
Markets look for lifting of war fog
It was a Black Friday of a different sort for Indian stock markets last week, with the Sensex opening 1,366 points lower. Spooked by the rising India-Pakistan tensions, traders indulged in a selloff that wiped out as much as ₹4 lakh crore from the market capitalisation. India's VIX, a measure of market volatility, shot past 8 percent, the highest level seen in over a month. The rupee extended its decline on the same day, a day after logging the worst session in over two years. Friday's market movements were starkly different from the previous sessions. While the Indian bourses maintained steam until Friday, Pakistan's benchmark KSE30 index crashed 7.2 percent on Thursday, triggering a one-hour trading halt. In just three days last week, the Karachi bourse lost ₹1.3 lakh crore in capitalisation. While the KSE30 has plunged more than 14 percent since the Pahalgam attack, India's stock market has risen about 1 percent over the same period. However, Friday saw a trend reversal with Pakistan's broader KSE100 index staging a strong comeback, gaining 2,200 points in the morning, as investors were keenly looking ahead at the upcoming IMF board review to sanction the next tranche of its bailout package, which was eventually cleared. On the other hand, both the Sensex and the Nifty50 fell 1.10 percent each. Analysts believe Friday's rout was not as pronounced as it could have been, thanks to a better earnings season.
See - Sada Elbalad
09-05-2025
- Business
- See - Sada Elbalad
Pakistan Stock Exchange Halts Trading for One Hour after Decline in KSE30
Taarek Refaat Pakistan's stock market halted trading for an hour this morning, following a decline in the Karachi 30 index (KSE30), according to a statement on the exchange's website. The move was part of an automatic stop-loss mechanism that is activated when the index falls by 5% or more during a trading session. After trading resumed, the index continued its decline, falling 6.19% amid heavy selling pressure. The decline comes amid waning investor sentiment following escalating military tensions with neighboring India following a militant attack last month in disputed Kashmir that left 26 people dead. Yesterday, India carried out targeted military strikes against Pakistan, which claimed to have shot down five Indian aircraft. Pakistani Defense Minister Khawaja Asif described the incident in a television interview as "not hostile acts, we are just defending our territory." "Reports of the downing of Indian drones in Pakistan indicate an escalation," Ali Raza, head of global equities trading at BMA Capital Management in Karachi, told Bloomberg. "Unless there is a ceasefire or a diplomatic shift, tensions will remain high, which will weigh on investor sentiment," he added. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
Indian Express
08-05-2025
- Business
- Indian Express
Pakistan Stock Exchange halts trading as KSE30 plunges over 5% for second straight day after ‘Operation Sindoor'
The Pakistan Stock Exchange on Wednesday halted trade briefly after the KSE30 index plunged 5 per cent, according to data accessed from the portal of Pakistan-based brokerage Sarmaaya Financials. 'The Pakistan Stock Exchange (PSX) halted trading after the KSE-30 index dropped 5 per cent, driven by escalating geopolitical tensions,' Sarmaaya Financials said in a post on social media platform X. According to the market snapshot shared by Sarmaaya Financials, the KSE30 was down 7.13 per cent, or 2,396.51 points, to 31,212.90 at 12;34 pm Pakistan Standard Time (PST). The benchmark index hit a high of 34,174.51 and a low of 31,211.18 intra-day before trading was halted. The KSE30 closed at 33,609.41 points on Wednesday. Overall, the KSE30 has lost nearly 10 per cent value in 2 days, since India struck terror camps at nine locations across Pakistan early on Wednesday in response to the Pahalgam terror attack. The KSE100 continued to spiral downwards on Thursday as the benchmark tanked 6.32 per cent or 6,948.73 points to 103,060.30, slightly higher than its intra-day low of 103,055.18, at 12:34 PM PST, according to Sarmaaya Financials' data. The KSE100 hit a high of 111,881.03 during intra-day trade on Thursday. The index was down over 9 per cent in 2 days, at the time of writing. Pakistan's international bonds surged nearly 1 per cent on Wednesday after 'Operation Sindoor', Pakistan-based financial daily the Business Recorder reported, citing Tradeweb data. Pakistan's 2031 sovereign bond saw bids being placed at over 81 cents in the dollar, according to the report. Pakistan's economy is highly sensitive to conflict owing to its reliance on external sources of funding, the Business Recorder reported, citing Hasnain Malik, managing director, emerging and frontier markets equity strategy, Tellimer, Dubai. India's efforts urging the IMF to review funding for Pakistan is also likely to hurt the latter's economy, said Sakib Sherani, economist and head, Macro Economic Insights, according to the report. India is eyeing discussions with all multilateral development banks to curb financial flows into Pakistan, a senior government official told the Indian Express on Friday. This comes against the backdrop of the terror attack on civilians in Pahalgam, Kashmir last week.
